Ascent Ascent Ascent Ascent

Fund Your Future

Ascent helps Codesmith students pay tuition and living expenses. We offer simple, straightforward loans and student-friendly payment options. You deserve a valuable education, and we think financing it should be easy.

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Program

Submit an application without impacting your credit score. Get pre-qualified in minutes, choose your financing, and get started on your career-transforming program.

Real reviews from real customers

Our flexible payment options

Loans built with you in mind

Program
Borrow up to $19350 for tuition and up to $6000 for living expenses for the program at Codesmith.
bag of money
Immediate Repayment
Make full payments beginning about one month after your program starts.
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Interest-Only Repayment
Make interest-only payments in school and for three months after.
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Deferred Repayment
Make no payments in school and for three months after.

Preview your monthly payments

Budget for your loan from start to finish. Adjust the options below to see possible monthly payments for your loan.

Program

Location

Monthly payment calculator

Adjust the loan amount, interest rate, and repayment details to find the right option for you. The loan calculator displays example monthly payments. Loan options, interest rate, and APR depend on credit profile and program.

0 10000

You can borrow up to $19350 for this program.

0 10000

You can borrow up to $6000 for living expenses for this program.

6.5 13.5

Your example loan

Monthly in-school payments
$83
Monthly post-school payments
$230
Total loan amount
$5,000
Total cost of loan
$6,500
This total cost includes the total loan amount, origination fee, and estimated interest.
Interest rate
6.5%
APR *
5.0%
*APR - Annual Percentage Rate

Your example loan

Monthly in-school payments
$83
Monthly post-school payments
$230
Total loan amount
$5,000
Total cost of loan
$6,500
This total cost includes the total loan amount, origination fee, and estimated interest.
Interest rate
6.5%
APR *
5.0%
*APR - Annual Percentage Rate

Available loan options

Finance your tuition and living expenses at Codesmith. Ascent bootcamp loans are consumer loans designed to help students access career-transforming education. Select your program to view available loan options. You will pay your cash deposit directly to Codesmith.

Software Engineering Immersive

How much can I borrow for tuition?

From $2,000 up to $19,350.

How much can I borrow for living expenses?

Up to $6,000.

Max tuition loan by location:

Venice, CA - $19,350
New York City, NY - $19,350
Software Engineering Immersive - Remote

How much can I borrow for tuition?

From $2,000 up to $19,350.

How much can I borrow for living expenses?

Up to $6,000.
Software Engineering Immersive - Part-Time

How much can I borrow for tuition?

From $2,000 up to $19,350.

How much can I borrow for living expenses?

Up to $6,000.

Frequently asked loan questions

What is the loan’s interest rate?

36 month loan term

6.50 – 13.75% interest rate – Interest Only, Immediate Repayment
7.00 – 14.25% interest rate – Deferred
8.58 – 17.21% estimated APR

60 month loan term

8.25 – 15.00% interest rate – Interest Only, Immediate Repayment
8.75 – 15.50% interest rate – Deferred
9.82 – 17.24% estimated APR

To see repayment examples available for a specific program, please reference the above loan calculator.

How and when will I repay my loan?

You have several options, including automated payments! After you apply for a loan, we’ll help you set up your repayment account. You’ll make your first payment about one month after your program starts (interest-only repayment or immediate repayment) or three months after your program ends (deferred repayment).

You’ll make monthly payments until your loan is fully repaid, and we’re happy to say there’s no prepayment penalty or fee for early payments on Ascent loans. You can choose to pay the minimum monthly payment, or you can make larger payments. You have the flexibility to pay off your loan anytime before your loan term ends.

Ascent offers several repayment options.

  • Deferred Repayment Loans allow you to make no payments while you’re in school & for three months after. You’ll start making full payments about three months after your program ends.
  • Interest-Only Repayment Loans allow you to hold on to more of your savings during your training. You’ll start making low, interest-only payments about one month after your program starts and continue those payments for three months after the program ends. After this interest-only period, you’ll start making full payments (interest + principal).
  • Immediate Repayment Loans allow you to quickly get started on repayment. You’ll start making full payments about one month after your program starts.

Aspire and Launch are the loan servicers for Ascent’s loans. This means Aspire or Launch will collect your monthly payments during the repayment phase of your loan. All loans applied for on or before June 9th, 2019 will be serviced by Aspire. All loans applied for on or after June 10th, 2019 will be serviced by Launch.

Need to pay your loan? Have a question about repayment on an existing loan?

If you applied for your loan on or before June 9th, 2019, visit Aspire online or at 1-800-243-7552.
If you applied for your loan on or after June 10th, 2019, visit Launch online or at 877-354-2629.

What is the repayment term for both the loan principal and interest?

Interest-Only Repayment, Immediate Repayment, and Deferred Repayment Loans: Once you’ve begun full repayment (after the grace and/or interest only period), your loan term will be 36 or 60 months. See example

Will my loan be refunded if I don’t complete my program or get a job?

While it is our hope that every student graduates and finds an awesome job in their chosen field, we understand that other circumstances may intervene.

If you are owed a refund by your school, Ascent will follow your school’s refund policies. Please refer to your school’s refund policies and student agreements. If your school offers an employment guarantee refund, the terms and requirements set therein, as well as the decision to extend a refund in such a scenario, is solely at the discretion of your school. Please contact your school for any questions regarding an employment guarantee refund or a standard refund.

Regarding your borrowed tuition funds:

  • You are responsible for repaying the full amount you borrow, plus accrued interest and fees.
  • If you are owed a tuition refund by your school, the refund transaction will be made to Ascent in the amount of the refund due (but in no event greater than what we paid to the school on your behalf). If there is a balance on your loan after any applied refund, you will be required to immediately start making monthly payments for the balance.

Regarding your borrowed living expense funds:

  • You are responsible for repaying the full amount you borrow, plus accrued interest and fees.
  • If there is a balance on your loan after any applied refund, you will be required to immediately start making monthly payments for the balance.
Are Ascent bootcamp loans student loans?

No, they’re consumer loans to help pay for tuition or cost of living at our partner schools.

Given that Ascent loans are not private student loans, what are some of the key differences between consumer loans for bootcamps and private student loans?

There are several key differences, and we encourage applicants to perform their own research into this topic. However, some of the high-level differences between an Ascent consumer loan for bootcamps and a private student loan include:

  • For private student loans, interest paid may be tax-deductible. For consumer loans for bootcamps, interest is not tax-deductible.
  • Consumer loans for bootcamps may be treated differently in the event of a borrower bankruptcy.
  • Private student loans may typically only be used for qualified education expenses as defined by the IRS.
Can I add a cosigner?

Yes, you can add a cosigner to your loan. There are two ways to qualify for an Ascent bootcamp loan: on your own, or with a cosigner. Depending upon your credit health, a cosigner might be required. Cosigners may strengthen your application’s overall credit health. In some scenarios, adding a cosigner may reduce your interest rate and lower your payments. If you’re concerned about your eligibility for an Ascent loan, consider adding a cosigner with strong credit health.

You can choose to add a cosigner before you submit your loan application, or may be given the option to add a cosigner after you apply.

If you’d like to add a cosigner when you apply, you can select this option in the application. If your cosigner is with you, they can start their portion of the application right away. If not, we’ll send them an email asking them to complete their part. Your cosigner’s portion of the application will look very similar to yours.

We’ll keep you and your cosigner updated on the status of your application throughout the process. You’ll receive an email or a notification in the application if you or your cosigner have any required steps to take.

What is the loan’s origination fee?

You will be charged an origination fee of 5.0%. This will be added to the amount you borrow and is included in the total loan principal amount you finance. It helps cover the administrative fees associated with originating the loan. It is the only fee charged for taking out this loan, and it affects your loan’s Annual Percentage Rate. See example

Can I cancel or change my loan after I apply?

Yes, you can request to cancel or decrease your loan after you apply. Log in to your Ascent account at bootcamp.ascentfunding.com or reach out to [email protected] to request changes to your loan.

If funds haven’t been sent to your school, Ascent can easily process a request to cancel or decrease your loan.  If funds have already been sent to your school, we’ll follow your school’s refund policy.

Please note that Ascent can’t increase your loan amount after you apply. Instead, you may be able to cancel your loan and reapply for a greater loan amount.

Will I qualify for an Ascent loan?

Our goal at Ascent is to help students from all walks of life and with a broad range of backgrounds get access to the programs that interest them. We offer two possible ways to qualify for an Ascent loan: on your own or with a cosigner.

To see if you pre-qualify for an Ascent bootcamp loan, submit an application. In the pre-qualification process, we’ll conduct a soft credit check with no impact to your credit score. In addition to learning more about your eligibility, you can also see the rates and terms you pre-qualify for.

Applicants must be U.S. citizens, permanent residents, or DACA recipients with established credit history & no outstanding education loan defaults. U.S. temporary residents may apply with a creditworthy cosigner that is a U.S. citizen or U.S. permanent resident.

Adding a cosigner can help strengthen your application’s overall credit health, and may even help lower your loan’s interest rate, APR, or monthly payments.

While our application process asks for income and employment details, we won’t use income, employment, or your requested loan amount to evaluate your application.

Can non-U.S. citizens apply?

Yes. Individuals may apply as a borrower or cosigner based on their citizenship status as follows:

  • U.S. Permanent Residents – as a solo borrower, as a cosigner or as a borrower with a qualified cosigner.
  • Deferred Action for Childhood Arrival (DACA) status – as a solo borrower or as a borrower with a qualified cosigner.
  • U.S. Temporary Residents – as a borrower with a qualified cosigner only.

Documentation requirements: The following are documentation will be required to verify your individual resident status:

  • For U.S. Permanent Residents: Provide a Permanent Resident Card.
  • For DACA status: Provide documentation from the U.S. Department of Homeland Security / U.S. Citizenship and Immigration Services (USCIS) that indicates DACA status that does not expire within 6-months of the end of the enrollment period for which the loan is being requested.
  • For U.S. Temporary Residents:

A VISA that does not expire within 6-months of the end of the enrollment period for which the loan is being requested. with an acceptable category as follows:  F-1, F-3, G Series, H-1B, H-1C, H-3, J-1, L-1, M-1, M-3, T-1, TN

OR

An I-20 Form (pages 1 & 2 and signed by the school) and an unexpired passport from country of origin.

When should I apply for a loan?

You can submit an application and become pre-qualified as early as 90 days before your program. Pre-qualification allows you to preview your rates and loan options. In the pre-qualification process, we’ll conduct a soft credit check with no impact to your credit score. Before accepting a loan option, please ensure you have enrolled in your program.

Can I pay off my loan faster than the initial term?

Yes, you can prepay your loan at any time without penalty. You have the flexibility to make early payments or fully pay off your loan without prepayment fees.

What’s the difference between fixed rates and variable rates?

Your interest rate is the base cost of borrowing money for the duration of your loan and is a percentage of the principal loan amount. It can be fixed (it will not change) or variable (it could change over time). Variable interest rates can increase or decrease throughout the life of your loan, which may result in your monthly payment changing over time. All Ascent loans for Codesmith are fixed rate – your rate won’t go up!

What is the status of my application?

To see the status of your loan application, visit your Ascent account dashboard at bootcamp.ascentfunding.com. We’ll also send you emails throughout the process to keep you updated. You can save your progress in the application and return to it at any time.

Do I have to pay the full “total cost” of the loan shown in my loan offer even if I make early payments?

No, you can reduce your total cost by making early payments! This is a benefit we hope our borrowers take advantage of. When you apply for a loan, we show you as many details as we can upfront. One of those details is the total cost of the loan, which is the total amount you’ll pay over the scheduled lifetime of the loan. Our calculation of the total cost assumes that you will pay off your loan by making monthly on-time minimum payments for your entire loan term, which is either 36 or 60 months. The total cost includes (1) the origination fee of 5% of your loan amount, (2) the loan amount, and (3) the interest accrued over the lifetime of the loan.

With our loans, you can make early payments or fully pay off your loan at any time with no prepayment fees. Many of our borrowers graduate from their programs, land jobs, and pay off their loans early! This is a financially smart move, because if you make early payments, you’ll accrue less interest over the lifetime of your loan. In summary – we don’t hold you to the total cost you see in your loan offers. If you make early payments, you can reduce the interest you accrue, which reduces your loan’s total cost!

Who is Richland State Bank and how is it related to Ascent?

Richland State Bank, member FDIC, is the lender for all Ascent loans.

Our team is here to help.

For any additional questions, please complete this form.

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